Zee Media Corporation Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- Zee Media Corporation Ltd reported a 20.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 5.7%.
- Its expenses for the quarter were down by 4.5% QoQ and 12.1% YoY.
- The net profit decreased 55.0% QoQ and decreased 37.6% YoY.
- The earnings per share (EPS) of Zee Media Corporation Ltd declined at 0.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 160.78 | 133.12 | 170.50 | 20.8% | -5.7% |
Total Expenses | 190.66 | 199.65 | 216.86 | -4.5% | -12.1% |
Profit Before Tax | -29.88 | -66.53 | -46.36 | -55.1% | -35.5% |
Tax | -7.46 | -16.67 | -10.50 | -55.2% | -29.0% |
Profit After Tax | -22.42 | -49.86 | -35.91 | -55.0% | -37.6% |
Earnings Per Share | -0.40 | -0.80 | -0.60 | -50.0% | -33.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Zee Media Corporation Ltd is a prominent player in the Indian media and entertainment industry. The company operates in the television and digital news segments, providing news coverage in various languages across multiple platforms. Zee Media boasts a comprehensive portfolio of news channels that cater to diverse regional and national audiences. Notably, the company has been focusing on expanding its digital presence, aligning with the global shift towards digital media consumption. However, specific recent major developments within the company are not available in the provided data.
Revenue
For the third quarter of fiscal year 2025, Zee Media Corporation Ltd reported total income of ₹160.78 crores. This represents a 20.8% increase from the previous quarter, where the total income was ₹133.12 crores. However, compared to the same quarter in the previous year, there was a decrease of 5.7%, with total income then being ₹170.50 crores. The year-over-year decline in revenue could be indicative of market challenges or shifts in consumer behavior, while the quarter-over-quarter increase suggests a recovery or improvement in revenue streams during the more recent quarter.
Profitability
The company's profitability metrics reveal a challenging financial landscape. In Q3FY25, Zee Media recorded a loss in profit before tax of ₹29.88 crores, which is an improvement from the greater loss of ₹66.53 crores in Q2FY25. Compared to Q3FY24, where the loss was ₹46.36 crores, there is a 35.5% improvement year-over-year. The profit after tax for Q3FY25 was a negative ₹22.42 crores, which also shows a notable improvement from the negative ₹49.86 crores in the previous quarter and a 37.6% improvement from the negative ₹35.91 crores a year ago. Despite the negative figures, the reduction in losses both quarter-over-quarter and year-over-year reflects some positive movements in profitability.
Operating Metrics
Zee Media's operating metrics highlight changes in earnings per share (EPS) and tax expenses. The EPS for Q3FY25 stands at a negative ₹0.40, indicating a reduction in loss per share compared to the negative ₹0.80 in Q2FY25 and the negative ₹0.60 in Q3FY24. This marks a 50.0% improvement quarter-over-quarter and a 33.3% improvement year-over-year. The tax expenses also decreased significantly, with Q3FY25 reporting a tax credit of ₹7.46 crores as opposed to ₹16.67 crores in Q2FY25 and ₹10.50 crores in Q3FY24, showing a reduction in tax expenses by 55.2% quarter-over-quarter and 29.0% year-over-year. These operating metrics suggest a favorable trend in reducing losses and managing tax liabilities effectively.
